Economy Crisis: Inflation increased to 29.8% in April

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On year-on-year basis, CCPI based headline inflation continuously increased to 29.8% in April 2022. Food inflation increased to 46.6%, while Non-Food inflation increased to 22.0%.

Statement from Central Bank of Sri Lanka

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased to 29.8% in April 2022 from 18.7% in March 2022. This increase in Y-o-Y inflation was driven by the monthly increases of both Food and Non-Food categories. Subsequently, Food inflation (Y-o-Y) increased to 46.6% in April 2022 from 30.2% in March 2022, while Non-Food inflation (Y-o-Y) increased to 22.0% in April 2022 from 13.4% in March 2022.

Monthly change of CCPI recorded at 9.25% in April 2022 due to price increases observed in items of both Non-Food and Food categories which were 4.95% and 4.31%, respectively. Accordingly, prices of items in the Non-Food category recorded increases mainly due to price increases observed in the Transport (Petrol and Diesel), Education (Tuition fees), Housing, Water, Electricity, Gas and Other Fuel (Housing rent, Maintenance/Reconstruction) and Restaurant and Hotels sub-categories. Further, within the Food category, increases were observed in prices of milk powder, rice, bread, dhal, sugar and dried fish during the month.

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